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Highlights of NCUA’s 2021 Supervisory Priorities

Mar 30 2:00 PM - Mar 30, 2021 3:30 PM
Mar 30, 2021 2:00 PM - 3:30 PM
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Don’t be fooled by the familiar list of priorities! Behind each one stands an evolving agency view of the risk facing credit unions during these unprecedented times. You need to understand how the NCUA views each item right now and how you can present your credit union’s story effectively.

Learning Objectives

  • Understand the focus of the current examination program
  • Appreciate the impact of NCUA’s 2021 supervisory priorities
  • Employ improved examination preparation strategies
  • Access more examination resources

The NCUA has issued three sets of supervisory priorities in the last 12 months as it continues to “covidize” examination expectations in recognition of the pandemic’s increasing impact on credit union operations. The 2021 priorities include nine primary areas of supervisory focus:

  • Allowance for Loan and Lease Loss
  • Bank Secrecy Act/Anti-Money Laundering
  • Coronavirus Aid, Relief and Economic Security Act (CARES Act)
  • Consumer Financial Protection
  • Credit Risk Management
  • Information Systems and Assurance (Cybersecurity)
  • LIBOR Transition
  • Liquidity Risk
  • Serving Hemp Related Businesses

Big or small, well run or not, every credit union will undergo regular and rhythmical examinations. A well-prepared credit union can reduce stress and increase the exam efficiency by telling your story effectively rather than defensively. Join credit union attorney and examination veteran, David Reed, as he cuts through the regulatory speak and guides you through each examination priority and how your credit union can highlight its understanding and risk management processes for each.

Agenda

Speakers

David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy. 

Location

Fees

$259.00

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Executive Management
  • Compliance